Emerson 2006 Annual Report Download - page 58
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Notes to Consolidated Financial Statements
Items reported in earnings during the years ended September 30 include the following:
2004 2005 2006
Depreciation $478 472 500
Research and development $280 303 356
Rent expense $233 241 263
The Company leases computers, transportation equipment and various other property under operating lease agreements. The
minimum annual rentals under noncancelable long-term leases, exclusive of maintenance, taxes, insurance and other operating costs,
will approximate $143 in 2007, $104 in 2008, $70 in 2009, $46 in 2010 and $43 in 2011.
Other assets, other are summarized as follows:
2005 2006
Pension plans $ 925 1,037
Intellectual property and customer relationships 310 470
Equity and other investments 248 171
Capitalized software 157 163
Leveraged leases 116 109
Other 152 159
Total $1,908 2,109
Items reported in accrued expenses include the following:
2005 2006
Employee compensation $ 445 518
Product warranty $ 174 206
Other liabilities are summarized as follows:
2005 2006
Deferred income taxes $ 567 724
Postretirement plans, excluding current portion 325 371
Retirement plans 336 253
Minority interest 142 176
Other 398 492
Total $1,768 2,016